ATCO (TSE:ACO.X) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$0.00 and traded as high as C$48.85. ATCO shares last traded at C$48.75, with a volume of 103,634 shares traded.

Wall Street Analysts Forecast Growth

ACO.X has been the topic of several research analyst reports. CIBC raised their price objective on ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. National Bankshares upped their price target on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. BMO Capital Markets raised their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Scotiabank boosted their price objective on ATCO from C$43.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada increased their target price on ATCO from C$47.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$48.58.

ATCO Trading Down 0.5 %

The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The business has a 50 day moving average of C$46.02 and a two-hundred day moving average of C$41.65. The firm has a market capitalization of C$4.81 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 3.80 and a beta of 0.74.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average price of C$48.50 per share, for a total transaction of C$48,500.00. In other ATCO news, Senior Officer James Landon sold 1,300 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total value of C$56,628.00. Also, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the stock in a transaction dated Friday, September 27th. The shares were acquired at an average price of C$48.50 per share, for a total transaction of C$48,500.00. Insiders have acquired 12,000 shares of company stock worth $569,150 in the last quarter. Insiders own 0.61% of the company’s stock.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.